🏠 Green Lake home gets 5 offers

It's been a wild start to the year! Here's a quick recap of the last week: we listed a $140K houseboat (hello, waterfront living!), had a buyer bail on one of our listings (classic cold feet), and another backed out of a 20-year-old townhome after realizing it needs some serious updates. On the bright side, we've been busy writing offers—today's was for a Green Lake home that received five offers, and it’s looking like it'll go at least 10% over asking!

Having chatted with many clients and other agents, it seems like everyone is bullish on 2025 - buyers have accepted rates in the 7s, the stock market is doing well, and Amazon’s return-to-office is bringing people back to the city.

What are you seeing out there?

— Matt (and Land, Maggie & Alicia)
P.S. Our hearts break for the people of Los Angeles; while our fire risk here in Seattle and Bellevue is low, our earthquake risk is not.

NOTEWORTHY SALES LAST WEEK

• Highest % over asking: Redmond rambler goes 23% over

• Most expensive: $12M Clyde Hill new build by Adam Leland Homes

• Least expensive: $281K First Hill condo

LINKS

• How 7% mortgage rates will change housing for a decade (HousingWire)

• Bellevue mansion hits market for $8.9 million with auction date looming (PSBJ)

• Salt & Straw pulls plans for ice cream shop at Bellevue development (PSBJ)

• Market for spec mansions heats up on Eastside (PSBJ)

• Bellevue property once owned by prominent business leader hits market (PSBJ)

NEW LISTINGS BY WEEK
New listings are here!

HOMES GOING PENDING BY WEEK
Buyer activity mirrors 2024 so far

HOT NEW LISTINGS
Eye candy

Eye candy <$1M

THAT’S A WRAP
Here are two ways we can help

1. Thinking of buying? We’ve helped hundreds of people find their dream home in the Seattle area. We’d be happy to help you too. Just hit reply.

2. Thinking of selling? Hit reply, we can handle everything from start to finish. And if you’re hoping to sell this year, the time to get going is now!